الرياض تطلق أول مشروع استثماري مشترك مع القطاع الخاص شمال العاصمة لمدة 50 عامًا Riyadh Launches Its First Joint Investment Project with the Private Sector in the North of the Capital Under a 50-Year Agreement
The Riyadh Municipality, the Ministry of Municipalities and Housing, and the National Privatization Center announced the launch of the expression of interest, qualification, and submission of offers phase for a joint investment project with the private sector in northern Riyadh.
Riyadh Municipality, the Ministry of Municipalities and Housing, and the National Center for Privatization and PPP announced the launch of the Expression of Interest, qualification, and proposal submission phase for a joint investment project with the private sector in northern Riyadh.
It is the first project of its kind proposed by the Municipality according to the joint investment model with the private sector, for a period of 50 years. The project aims to develop a plot of land on Zaid Bin Asim Street, with an area of 30,015 square meters.
This is the first project of its kind launched by the municipality under a joint investment model with the private sector, with a duration of 50 years. The project aims to develop a plot of land on Zaid bin Asim Street, covering an area of 30,015 square meters.
The partner investor is responsible for the design, construction, operation and maintenance of all project facilities, and the site allows the development of mixed-use assets, including residential, commercial, office and entertainment activities.
The private-sector investment partner will be responsible for the design, construction, operation, and maintenance of all project facilities. The site offers opportunities to develop mixed-use assets, including residential, commercial, office, and entertainment facilities.
The project aims to attract quality investments and meet the growing demand for urban projects and services in the capital. The organizing authorities called on investors, financial institutions, and local and international operators to review the details of the project and submit a request for its document.
The project aims to attract high-quality investments and meet the growing demand for urban projects and services in the capital. The organizing authorities have invited investors, financial institutions, and local and international operators to review the project details and apply to obtain the project documentation.
The documents are available through the investor portal of the National Privatization Center, during the period from November 3, 2026 until February 3, 2027.
The project documents are available through the investor portal of the National Center for Privatization and PPP from November 3, 2026, until February 3, 2027.
The project comes within the Riyadh Municipality’s strategy to raise the efficiency of municipal asset management, enhance the private sector’s participation in urban development, expand the investment base, and develop quality projects.
The project forms part of Riyadh Municipality’s strategy to improve the efficiency of municipal asset management, strengthen private-sector participation in urban development, expand the investment projects base, and deliver high-quality development.
